Market Overview
Home Prices in Colon, MI
The median home value in Colon, MI is $210,771 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colon are priced49% below average. Colon is part of the Sturgis, MI metro area.
Over the past five years, Colon home values have risen by approximately26.0%, reflecting strong long-term appreciation in this market.
Price History
Colon Home Price Trend
2020
$143,511
$144K
—
2021
$167,246
$167K
+16.5%
2022
$186,013
$186K
+11.2%
2023
$177,075
$177K
-4.8%
2024
$193,928
$194K
+9.5%
2025
$196,278
$196K
+1.2%
2026
$210,771
$211K
+7.4%
City Comparison
Colon vs. National Median
🏠 Colon
$210,771
National Median
$410,000
At $210,771, homes in Colon cost 49% below the national median of $410,000. This makes Colon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colon?
20% Down Payment
$42,154
on $210,771
Monthly P&I
$1,099/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,396/mo
incl. taxes & insurance
Income Needed
$55,840
gross annual (30% rule)
10% Down Option
$21,077
+ PMI applies
Loan Amount (20% dn)
$168,617
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Colon, MI?
The median home value in Colon is $210,771 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Colon?
Over the past year, home values in Colon have increased by 7.4%. Over five years, prices have risen approximately 26.0%.
How much do I need to earn to buy a home in Colon?
To comfortably afford the median home price of $210,771 with a 20% down payment ($42,154) at today's rates (6.8%), you'd need a gross annual income of approximately $55,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Colon compare to the national average home price?
The national median home value is approximately $410,000. At $210,771, homes in Colon are 49% below the national average.
What metro area is Colon part of?
Colon is part of the Sturgis, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.